When one decides to buy and take possession of physical silver and Gold ira rollover bullion (coins, bars, and/or rounds), Where to buy precious metals the question arises of where to take delivery and how to safely hold the items for the long term.

In a historic context, there is likely no greater protection against theft than owning one’s valuables close at hand while also simultaneously having the items well hidden, out of sight and mind from any threats which may attempt to seize said precious property.

To keep one’s valuables safe from theft, the following axiom certainly applies…

What a Thief Cannot Find, He Cannot Steal

Before we begin brainstorming on creative hiding places for valuables, let us take into account the following 6 rules to follow when planning about how to safeguard your important items:

Rule #1 ➜SHUT UP

It is very important to maintain discretion by keeping one’s holdings as private as possible. This means to either never acknowledge and/or only disclose hidden valuables to the most trusted loved one(s). The more people who know about a stash of valuables, the more risk there is that someone will take advantage of that intimate information.

Rule #2 ➜LIMIT KNOWLEDGE

Historically, the biggest threat to your bullion stash is not some rogue government or military.

The biggest threat to your most valuable possessions is potentially your neighbour, housecleaner, gardener, rebellious child, angry spouse, and fills in the blank.

Bullion theft typically comes from people closest to someone or potentially within their first or second circle of acquaintances.

Rule #3 ➜ PRESERVATION via DIVERSIFICATION

Diversifying your physical storage locations may make sense, depending on the size of your bullion stack. If one has a substantial amount of bullion holdings, it may make sense to mix up locations of where and how the metals are held, whether that be multiple hidden locations within the same domicile or spread internationally amongst various countries and geopolitical arenas.

From the one tube silver bullion round buyer to the gold tonne pallet stacker, spreading storage locations might be a worthwhile endeavor to limit the threat of losing all one owns if the worst comes to pass.

Rule #4 ➜ NEVER UNDERESTIMATE

Never trivialize a thief’s drive to find your stash through the use of coercion or even outright violence. Be prepared to even acquiesce a small portion of your valuables to save your life and/ or the life of a loved one.

Money is simply a means to a life well lived. You will most likely agree, the life of yourself and the ones you love trumps all possessions on this Earth.

Rule #5 ➜ DIVERSION INSURANCE

The use of multiple diversion stashes may be very handy to bullion stackers. For example, the use of a cheap obvious safe stacked with clad bullion copies and/or a small stack of bullion you’d be willing to lose in the case of home invasion may come in handy.

Rule #6 ➜ UNSAFE BANK DEPOSIT BOXES

A major mistake many beginning bullion buyers make is to store their physical bullion inside a bank’s supposed safe deposit boxes. The reason this is an unsound decision is multifaceted.

Bank safe deposit boxes are not federally insured, private, or convenient, nor are they all that safe.

The Federal Deposit Insurance Corporation (FDIC) does not insure bank safe deposit boxes in the United States. As an example, a bank employee could steal valuables from a safe deposit box and the FDIC would not only cover the loss, the onus of proof would then be on you, the victim, to redeem compensation from the bank in question.

Platinum and Palladium recently made a break into the precious metals industry. They are precious metals because like gold, they hold a lot of value in a very small amount of space. These metals are also industrial metals used in various applications in dentistry, automobile production, jewelry, and in electronics. If you are looking to invest in these metals, then take a look at these facts. Hopefully, you shall be able to make an informed decision on whether you should invest in Platinum or Palladium.

These two metals can be hard to differentiate to the untrained eye. They have similar traits, which deem confusing at times. These metals both react as catalysts to the same elements and chemicals and they both maintain a bright white color that does not fade over time when used in jewelry. To better understand these metals, let us review their uses, density, and prices.

Platinum

At 70%, South Africa has the largest production of platinum in the world. Platinum is much denser than palladium. This allows for more manipulation of the metal without breaking. The versatility of platinum raises its prices to nearly twice the price of palladium per ounce. Platinum’s uses are tangible with its main use being for diesel engines. Platinum is the main component of catalytic converters used to convert toxic by-products from the exhaust into being less-toxic. A powdered form of platinum is used as a catalyst in the ignition of hydrogen in the catalyst converter on cars. For gasoline or petrol engines, either platinum or palladium can be used – the main determinant of which metal gets used is the price. Platinum is also used in dentistry, in the production of strong, permanent magnets and in the form of surgical instruments and electrical contacts. Approximately 46% of platinum consumed annually is used in catalyst operations, 31% for jewelry, and the rest for minor industrial usage. All in all, around 250 tonnes of platinum is used annually.

Palladium

Palladium is very similar to platinum However; this metal is less dense and less expensive. Due to the similarities, palladium is also used as an industrial catalyst and is a common substitute to platinum in the jewelry industry. Palladium is a key element of white gold and it makes up some of the best workings of high-end watches. Also, palladium is believed to be more available than platinum and is frequently considered a lower-cost substitute for platinum. If you wish to buy one of these metals for industrial purposes, palladium is a greater bargain because it sells nearly half as much as platinum. Palladium is also used in automotive catalysts, electrodes in medical equipments, converter, and as mentioned earlier, in fine jewelry. About 4.4 million ounces in 2011’s total palladium production went to the automotive market!

Platinum and Palladium recently made a break into the precious metals industry. They are precious metals because like gold, they hold a lot of value in a very small amount of space. These metals are also industrial metals used in various applications in dentistry, automobile production, jewelry, and in electronics. If you are looking to invest in these metals, then take a look at these facts. Hopefully, you shall be able to make an informed decision on whether you should invest in Platinum or Palladium.

These two metals can be hard to differentiate to the untrained eye. They have similar traits, which deem confusing at times. These metals both react as catalysts to the same elements and chemicals and they both maintain a bright white color that does not fade over time when used in jewelry. To better understand these metals, let us review their uses, density, and prices.

Platinum

At 70%, South Africa has the largest production of platinum in the world. Platinum is much denser than palladium. This allows for more manipulation of the metal without breaking. The versatility of platinum raises its prices to nearly twice the price of palladium per ounce. Platinum’s uses are tangible with its main use being for diesel engines. Platinum is the main component of catalytic converters used to convert toxic by-products from the exhaust into being less-toxic. A powdered form of platinum is used as a catalyst in the ignition of hydrogen in the catalyst converter on cars. For gasoline or petrol engines, either platinum or palladium can be used – the main determinant of which metal gets used is the price. Platinum is also used in dentistry, in the production of strong, permanent magnets and in the form of surgical instruments and electrical contacts. Approximately 46% of platinum consumed annually is used in catalyst operations, 31% for jewelry, and the rest for minor industrial usage. All in all, around 250 tonnes of platinum is used annually.

Palladium

Palladium is very similar to platinum However; this metal is less denser and less expensive. Due to the similarities, palladium is also used as an industrial catalyst and is a common substitute to platinum in the jewelry industry. Palladium is a key element of white gold and it makes up some of the best workings of high-end watches. Also, palladium is believed to be more available than platinum and is frequently considered a lower-cost substitute for platinum. If you wish to buy one of these metals for industrial purposes, palladium is a greater bargain because it sells nearly half as much as platinum. Palladium is also used in automotive catalysts, electrodes in medical equipments, converter, and as mentioned earlier, in fine jewelry. About 4.4 million ounces in 2011’s total palladium production went to the automotive market!

If you consider the supply side, these two metals are very rare. There is a supply deficit in these metals due to the challenges faced when mining platinum and palladium. It is only logical that the prices of these metals will rise in the future. If you are a serious investor, you should find ways to benefit from this in the end.Considering the demand side, the metals have ample uses but the one unique industrial application that makes them to be in constant demand is from catalytic converters. There is also in demand from dentists, electronic manufacturers, and for use in jewelry.